2908 Israel Ave Mission, TX 78573

This exceptional investment opportunity presents a brand-new, four-unit apartment complex located at 2908 E Israel Avenue, Mission, Texas, 78573. The property boasts a desirable location in a quiet cul-de-sac setting, offering tenants picturesque views of a nearby lake or pond. Built in 2024, this Class B multifamily property comprises two two-story buildings, totaling 4,632 square feet of net rentable space on a 9,875.052 square foot lot. The property features four units, each a spacious three-bedroom, two-bathroom apartment. All units are currently fully leased, providing immediate cash flow. High-end finishes include Samsung appliances (stove, microwave, refrigerator with water and ice, and a stacked washer/dryer) in each unit. The units also feature LED lighting, ceiling fans, and light, comfortable color schemes. The property benefits from its location within a highly-rated school district known for its college preparatory programs and awards for excellence. Many employment centers are within a six-mile radius, making this an attractive location for renters. The property's strong financial performance is highlighted by an 8.13% cap rate and a pro-forma cap rate of 8.12%, with a pro-forma NOI of $44,628. This turnkey investment offers a compelling combination of attractive features, strong tenant demand, and excellent financial returns. The property is zoned for multifamily residential use. This is a truly outstanding investment opportunity not to be missed.